Baltic Power

Name

Baltic Power

Legal name

Baltic Power Sp. z o.o.

Website

https://balticpower.pl

Company type

Private

Founded year

2021

Operating status

Operating

Short description

Baltic Power Sp. z o.o. is a joint venture between ORLEN Group and Northland Power developing Poland's first offshore wind farm — 76 Vestas 15 MW turbines with 1.2 GW capacity producing ~4 TWh annually for the Polish national grid under a 25-year CfD contract.

Ownership category

akta.pro rank

Product category

Offshore Wind Power Generation

NAICS

Wind Electric Power Generation (221115), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Offshore Wind Power Generation (Fixed-Bottom) (EUACAFAB)

akta.pro secondary industries

Wind Farm Ownership & Operations (IPP/Utility-Owned Asset Operations) (EUACAFAF), Wind Operations, Maintenance & Asset Management (Scheduled/Unscheduled) (EUAMACAH), Wind Grid Interconnection & Power Systems (Transformers, Reactive Power, SCADA) (EUAMACAK)

Keywords

• Offshore wind energy
• Renewable power generation
• Wind farm development
• Clean electricity generation
• Marine energy infrastructure

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Electricity Sales via Contract for Difference (CfD): Baltic Power generates revenue by selling electricity produced from its 1.2 GW offshore wind farm to Poland's national electricity grid. Revenue certainty is provided by a 25-year Contract for Difference (CfD) awarded by the Energy Regulatory Office (URE) in June 2021. Under the CfD mechanism, the regulator covers the difference between the market price of electricity and the cost of generation, protecting the project from market price volatility. Estimated annual production is approximately 4 TWh. After the construction phase, ongoing revenue will be supplemented by long-term service agreements with maintenance contractors.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels8 records

Core offering

Baltic Power develops, constructs, and will operate Poland's first offshore wind farm in the Baltic Sea, located approximately 23 km off the coast between Choczewo and Łeba. The ~1.2 GW (1,140 MW) wind farm consists of 76 Vestas V236-15 MW turbines and is designed to generate up to 4 TWh of clean electricity annually, equivalent to roughly 3% of Poland's national electricity demand. All electricity output is sold to the Polish national electricity grid under a 25-year Contract for Difference (CfD) awarded by the Energy Regulatory Office (URE) in June 2021.

Product overview

Baltic Power is an offshore wind farm project — Poland's first — implemented as a joint venture between ORLEN Group and Northland Power. The portfolio consists of the core offshore wind farm product (approximately 1.2 GW, 76 Vestas V236-15 MW turbines across a ~130 km² area ~23 km off the coast), supplemented by a power calculator web tool (Kalkulator Mocy) for public energy-awareness engagement, a Marine Coordination Center (MCC) for around-the-clock maritime operations monitoring, and a Service Base in Łeba serving as the operational and maintenance hub for the 25–30 year operational phase.

Differentiator

Problem solved

Functional benefit

Products and services

• Baltic Power Offshore Wind Farm A 1.2 GW offshore wind farm covering approximately 130 km² in the Baltic Sea, deploying 76 Vestas V236-15 MW turbines on monopile foundations at 33–45 m water depth. Power is transmitted via HVAC through two offshore substations and approximately 355 km of cable to the onshore substation at Choczewo for injection into the Polish national grid. Designed for 25–30+ years of operation.

Quantifiable outcome

• Up to 4 TWh of electricity generated annually — meeting ~3% of Poland's current electricity demand
• +9 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

21 partnerships are on record, tiered core and minor.

• Fon Offshore Service Polska (underwater infrastructure maintenance)coreImplementation/ SI/ Consulting Partner · 1 June 2026Fon Offshore Service Polska is contracted for underwater infrastructure inspections including seabed surveys, inspection of inter-array and export cables, foundation monitoring, geophysical surveys, and environmental monitoring. Supported by MEWO, GEOxyz, and the Maritime Institute in Gdyni for research and inspection work. This is the first such underwater service capability being developed in Poland.
• Omexom (Vinci) (onshore and offshore substation maintenance)coreImplementation/ SI/ Consulting Partner · 1 June 2026Omexom, part of the Vinci Group (a major global energy infrastructure group), is contracted for above-water maintenance including servicing of high-voltage equipment at offshore and onshore substations, transformer maintenance, switchgear, control room systems, fire safety systems, and related electrical infrastructure.
• Electrum Solutions (above-water infrastructure services)coreImplementation/ SI/ Consulting Partner · 1 June 2026Electrum Solutions provides above-water inspection and maintenance services for the offshore substations and related infrastructure, complementing the services of Omexom and contributing to the operational readiness of the substation infrastructure.
• ERBUD (service base general contractor)coreImplementation/ SI/ Consulting Partner · 1 January 2025Polish construction group ERBUD (30 years of experience in energy and hydrotechnical construction in Poland and Europe) served as general contractor for the service base in Łeba. Works included site preparation, hydrotechnical reconstruction of the quay (~200 micropiles installed, seabed dredged by 1 m to enable simultaneous berthing of 4 CTV units), construction of the office/warehouse/workshop complex, and installation of specialist marine infrastructure. Construction ran from January 2024 to April 2025.
• ORLEN Foundation for Pomerania (Moc Bałtyku grant programme co-organiser)minorGTM or Marketing Partner · 1 January 2025Baltic Power co-organises the annual 'Moc Bałtyku' (Power of the Baltic) grant programme with the ORLEN Foundation for Pomerania, funding local community initiatives in Łeba. 2025 edition had a total budget of 230,000 PLN supporting 13 local NGOs and institutions in sports, culture, education, and community safety projects.
• Sotis Advisors (compensation programme administrator)minorOthers · 1 January 2025Sotis Advisors Sp. z o.o. administers the temporary fishers' compensation programme, managing the application process, verification of fishing vessel documentation (VMS data, fishing reports), and payment disbursements to eligible commercial and recreational fishing vessel owners affected during the 2018–2023 baseline period and the 2024–2026 construction period.
• Antea Polska (contract engineer for service base)minorImplementation/ SI/ Consulting Partner · 1 January 2023Antea Polska (part of the Antea Group, an international consultancy specialising in comprehensive investment supervision in energy, infrastructure, and water management) was engaged as the contract engineer supervising the service base construction, providing quality assurance and progress monitoring.
• Vestas (turbine supplier and long-term O&M contractor)coreTechnology or Integration · 1 January 2022Vestas is supplying 76 × V236-15 MW turbines and providing long-term operations and maintenance services under a multi-year contract. Vestas opened its nacelle manufacturing plant in Szczecin (employing 600+ people) specifically to serve Baltic Power and future Polish offshore wind projects. Vestas has delivered approximately 1,500 offshore wind turbines (8,000 MW) in Europe over the past 25 years. The company also provides 15-year turbine servicing as part of the contract.
• Steelwind Nordenham (foundations supplier)coreTechnology or Integration · 1 January 2022Steelwind Nordenham is responsible for the design, fabrication, and delivery of monopile foundations for all wind turbine and offshore substation positions. 78 monopiles were produced, each up to 100 m long, 1,700 tonnes, and 9+ m diameter — the largest monopiles in the Baltic Sea to date.
• Smulders (transition pieces supplier)coreTechnology or Integration · 1 January 2022Smulders supplies transition pieces (TPs) connecting monopile foundations to turbine towers and offshore substations. Steel transition pieces (up to 350 tonnes, 20+ m long) are manufactured primarily at Smulders' Polish facilities in Żary, Niemodlin, and Łęknica, with secondary steel structures also produced domestically. This represents a significant local content contribution to the project.
• Cadeler (turbine transport and installation contractor)coreTechnology or Integration · 1 January 2022Danish firm Cadeler (specialist in offshore wind installation vessels) was contracted for the transport and installation of the 76 turbines. Cadeler operates the O/W OSPREY jack-up vessel (160+ m long, 11,000-tonne load capacity) capable of transporting 3 complete turbines per trip. From 2012, Cadeler has installed nearly 400 offshore wind turbines and 500+ foundations globally.
• Van Oord (foundation transport and installation contractor)coreTechnology or Integration · 1 January 2022Dutch maritime contractor Van Oord was responsible for coordinating the transport and installation of monopile foundations and transition pieces. Van Oord's fleet of 60+ vessels includes vessels specifically built for Baltic Sea operations. The company deployed the LONE floating crane vessel (160 m, 2 × 1,000-tonne cranes with DP2 dynamic positioning) for foundation installation.
• CS Wind Offshore and Semco Maritime (offshore substations)coreTechnology or Integration · 1 January 2022Consortium of Danish firms CS Wind Offshore and Semco Maritime designed, produced, and installed the two offshore substations (OSS West and OSS East). Steel structures were fabricated in Polish shipyards (GP Baltic, Gdynia and Gdańsk) at 1,300 tonnes each, then fully equipped in Denmark to reach 2,500 tonnes each. Semco Maritime has delivered offshore substation roles for 20+ offshore wind farms globally.
• NKT (offshore export cable producer)coreTechnology or Integration · 1 January 2022NKT is responsible for the design, production, and installation of the offshore export cables connecting the offshore substations to the onshore grid connection point. The approximately 39 km of high-voltage export cables form a critical part of the power export infrastructure.
• Tele-fonika Kable (internal and land cable producer)coreTechnology or Integration · 1 January 2022Polish cable manufacturer (with international experience) in partnership with JDR Cable Systems supplies the internal array cables (~130 km within the wind farm) and land-based export cables. Tele-fonika Kable also handles the transport and installation of cables on the land section.
• DEME Group (cable installation contractor)coreTechnology or Integration · 1 January 2022DEME, a Belgian maritime and marine engineering group, owns one of the world's largest cable-laying vessel fleets and is responsible for the transport and installation of all cables on the offshore section of the wind farm. DEME is also involved in seabed preparation and cable burial using jetting and plowing techniques.
• GE Vernova and ENPROM Consortium (onshore substation)coreTechnology or Integration · 1 January 2022Consortium of GE Vernova (electrical design and high-voltage components) and ENPROM (Polish electrical construction company responsible for full design and construction) is building the onshore substation in Choczewo municipality. ENPROM began works in May 2023. GE provides the electrical installation design and key electrical equipment for the 220 kV connection to the national grid.
• Grupa Przemysłowa Baltic (GP Baltic) (offshore substation steel construction)coreTechnology or Integration · 1 January 2022Polish shipbuilding group GP Baltic (ARP — Polska Grupa Zbrojeniowa) fabricated the full steel structures of both offshore substations (OSS) at shipyards in Gdynia and Gdańsk. Each structure weighed approximately 1,300 tonnes before equipment fit-out in Denmark, reaching 2,500 tonnes when complete. This was the first fabrication of offshore substation structures at Polish shipyards, marking a milestone in Poland's offshore wind supply chain development.
• JBO Jörss-Blunck-Ordemann GmbH (foundation engineering designer)coreTechnology or Integration · 1 January 2022German engineering firm JBO (working since December 2021) is responsible for finalising the monopile foundation design, including seabed interaction analysis, load modelling, and optimal foundation configuration for Baltic Sea conditions. JBO has completed foundation designs for 80 offshore wind projects across 13 countries since 2008.
• ORLEN Group (Polski Koncern Naftowy ORLEN S.A.)coreStrategic or Co-development Partner · 1 January 2021ORLEN Group, Poland's largest integrated multienergy conglomerate (Fortune Global 500, operations in 10 countries, products reaching 100+ countries), holds majority ownership in Baltic Power as the lead developer and strategic investor. The joint venture agreement was signed in January 2021, with ORLEN contributing its Polish market expertise, regulatory relationships, and multi-energy infrastructure capabilities. ORLEN's 2035 strategy targets 350–380 billion PLN in strategic investments, including four offshore wind farms, large-scale energy storage, and small modular reactors.
• Northland Power Inc.coreStrategic or Co-development Partner · 1 January 2021Canadian independent power producer founded in 1987 with ~40 years of experience in offshore wind, onshore wind, solar, gas, and energy storage globally. Holds 49% stake in Baltic Power as industry/sectoral partner. Listed on Toronto Stock Exchange (TSX: NPI). Owns or has economic interest in 3.2 GW of gross generating capacity with ~10 GW of development pipeline. Provides offshore wind technical expertise and operational experience from projects in the North Sea and globally.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• East Anglia ONE: UK North Sea offshore wind farm of similar vintage with comparable fixed-bottom monopile design and long-term CfD-equivalent UK support scheme. Directly comparable on technology, scale (~714 MW), and revenue-support mechanism.
• Hornsea Project One (Ørsted): UK offshore wind farm comparable in scale and European utility-grade design. Both projects are large-scale fixed-bottom offshore wind farms selling power to a national grid under long-term offtake arrangements.
• Borssele Offshore Wind Farm: Dutch offshore wind farm developed under a comparable subsidy-free / tender-based support scheme in the North Sea. Similar in scale per phase and demonstrates the Dutch offshore wind operating model that informs Polish CfD design.
• EnBW He Dreiht: German offshore wind farm also deploying Vestas V236-15 MW turbines at utility scale. Most directly comparable on turbine technology, scale (~960 MW), and timing, both being among the first commercial-scale deployments of this turbine class in Europe.
• Dogger Bank Wind Farm: UK offshore wind farm being developed in phases with comparable capacity (~3.6 GW total) and similar utility-grade, multi-party project finance structure. Comparable on construction-phase execution risk and large turbine deployment.

Regional players

• PGE Group (Baltica Offshore Wind Farm): Polish state-controlled energy group developing the Baltica offshore wind project in the same Polish Baltic Sea waters as Baltic Power. Directly comparable Polish peer targeting similar capacity under the same CfD regime; competes for supply chain, workforce, and regulatory attention.
• Polenergia: Polish private energy developer with offshore wind projects in the Polish Baltic Sea (Bałtyk I, II, III). Direct domestic peer competing for Polish CfD capacity, port infrastructure, and supply chain in the same geographic market as Baltic Power.

Broad incumbents

• Ørsted: Global offshore wind leader with ~15 GW installed and a deep pipeline. While not a single-asset peer, Ørsted's portfolio (Hornsea, Gode Wind, Borssele) benchmarks operational performance, O&M cost structures, and turbine technology choices relevant to Baltic Power.
• Vattenfall: Swedish state-owned utility with major European offshore wind projects (Hollandse Kust, Kriegers Flak). Comparable on utility-owned offshore wind business model and long-term revenue-support mechanisms across multiple European jurisdictions.
• RWE Renewables: European utility with a large offshore wind portfolio (Kaskasi, Sofia, Greater Gabbard). Comparable on European utility-grade offshore wind project development, financing, and operations, though with a broader geographic and technology footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/balticpower

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Baltic Power